FRANCE: Loan

For the first time
since the War, French bankers last week participated in underwriting
an issue the proceeds of which will pour directly, officially into the
German Treasury. Even six months ago talk of this loan was dismissed by
French bankers as "fantastic." Through their friends in the Chamber of
Deputies they thundered protests, warnings.

Attempts last week to interpellate Prime Minister Laval's Government
about the loan brought a smash vote. By an overwhelming majority of
555 to 11 the Government's action in furthering the loan was barred
from debate. Never was...